BrandBuzz
Prada Group to pay $1.38 billion to acquire Versace from Capri Holdings
Prada S.p.A. has entered into a definitive agreement to acquire Gianni Versace S.r.l. from Capri Holdings Limited for €1.25 billion ($1.375 billion). This strategic acquisition unites two of Italy’s most iconic fashion houses and is expected to be finalized in the second half of 2025, pending regulatory approvals.
Versace will maintain its creative autonomy under the leadership of newly appointed Chief Creative Officer Dario Vitale. Donatella Versace will transition to the role of Chief Brand Ambassador, continuing her longstanding association with the brand. Prada plans to integrate Versace into its existing operational framework while preserving its unique brand identity. This approach aims to leverage Prada’s resources to revitalize Versace’s market presence.
Prada’s acquisition of Versace from Capri Holdings includes all of Versace’s business segments, encompassing its jewelry line. The deal covers Versace’s entire portfolio, which features ready-to-wear fashion, accessories, footwear, fragrances, home furnishings, and jewelry. By integrating Versace’s jewelry offerings, Prada aims to enhance its presence in the luxury accessories market, complementing its existing brands like Miu Miu and Church’s. This comprehensive acquisition allows Prada to leverage Versace’s diverse product range and strong brand recognition to strengthen its position in the global luxury fashion industry.
BrandBuzz
Prajakta Mali Inaugurates Khandelwal Jewellers (Akola) New Showroom In Jalna
The Company Has Steadily Expanded Its Footprint Across Maharashtra and Continues To Strengthen Its Position As One Of The Leading Jewellery Retailers In The Region
Strengthening its presence beyond Vidarbha and taking a significant step towards regional expansion, Khandelwal Jewellers(Akola) inaugurated its ninth showroom at Aditya Complex, Badi Sadak, Jalna, marking the brand’s first-ever entry into the Marathwada region. The grand inauguration ceremony was conducted by renowned Maharashtra actress Prajakta Mali in the distinguished presence of Avinash Gupta, Vice Chairman, GJC.
The event was attended by the promoters of the group, Nitin Khandelwal and Prabha Khandelwal, Ravi Khandelwal and Ekta Khandelwal, along with prominent jewellers, entrepreneurs, professionals, and distinguished citizens from Jalna and neighboring districts. Present were the sixth generation of the Khandelwal family, including Harshal Khandelwal, Shaurya Khandelwal, Pratik Khandelwal, Rishika Khandelwal, Pratik Rathi, and Dipika Rathi.


The launch represents another milestone in the remarkable journey of Khandelwal Jewellers, a trusted name in the jewellery industry with a legacy spanning over nine decades. Established on the foundation of transparency, purity, customer trust, and innovation, the company has steadily expanded its footprint across Maharashtra and continues to strengthen its position as one of the leading jewellery retailers in the region.
Prajakta Mali, Actress, said:

“I am truly impressed by the remarkable collection showcased at Khandelwal Jewellers. The showroom beautifully blends tradition with contemporary design, offering customers an exceptional range of jewellery. The craftsmanship, quality, and presentation rival—and in many categories surpass—what one would typically find in major jewellery markets such as Mumbai and Pune. It is wonderful to see such world-class offerings being made accessible to customers here.”
Avinash Gupta, Vice Chairman, GJC, said:
“I extend my heartfelt congratulations to the Khandelwal family on this significant milestone. Their unwavering commitment to quality, trust, and customer satisfaction has earned them a strong reputation in the market. Khandelwal Jewellers has consistently demonstrated excellence in every aspect of its business, and I am confident that this dedication will continue to drive its growth and success in the years ahead.”

The newly launched Jalna showroom offers an extensive collection of gold, diamond, platinum, silver, bridal, traditional, contemporary, and lightweight jewellery, catering to the evolving preferences of customers across Marathwada. With this strategic expansion, Khandelwal Jewellers aims to bring its hallmark values of trust, transparency, and superior craftsmanship to a wider customer base.
The inauguration witnessed an overwhelming response from customers, industry associates, and well-wishers, reaffirming the strong goodwill and brand equity that Khandelwal Jewellers has built over generations. The launch not only marks the company’s entry into Marathwada but also signifies the beginning of a new chapter in its growth journey as it continues to expand its retail network across Maharashtra.
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